Investors Inflate Mexichem Books
Mexichem returned to the dollar market for $1.15bn after a 3-year absence, capitalizing on the scarcity value of Mexican coporates to draw $17bn in total demand. Pricing competitively to Braskem’s dollar curve, the industrial conglomerate issued 10 and 30 year tranches that were larger than expected, by $50m and $100m, respectively. A $750m 2022 bond priced at 99.206 with a 4.875% coupon to yield...
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